This is a weekly post covering Cryptocurrencies, specifically Bitcoin, Litecoin, and Ethereum. These instruments provide trading opportunities with out sized gains. I hope the analysis presented here helps you profit in these instruments.
BTCUSD — Still expecting a bit of a pull back to middle band. Not much progress as of yet. Cryptos are buyable when this happens as I believe the turn is in.
ETHUSD – Time to start accumulating as discussed, middle band support and look for buy-able pull backs. RSI of 30-40 are good areas to consider.
LTCUSD – Not as big an advance as BTC and ETH. Look for a conversion of the high to confirm the turn is in. As the market leaders go higher LTC will follow.
The turn appears to be in and looking for more upside after the retracement this week into middle band. Start accumulating on buy-able pullbacks, will point out setups here weekly. Trade Smart and Trade Safe.